Latest Crypto News Digest: Coinbase Delists Tokens, Ripple Queries SEC, and India’s Crypto Shift
By Valeria Blokhina
Published: May 29, 2025
In the rapidly evolving world of cryptocurrency, significant developments are making headlines. U.Today provides a summary of recent pivotal events, including Coinbase’s decision to delist several tokens, Ripple’s inquiries to the SEC, and a notable regulatory shift in India.
Coinbase to Delist Four Cryptocurrencies in June
In an official announcement via social media, Coinbase has revealed plans to suspend trading for four cryptocurrencies: Render (RNDR), Ribbon Finance (RBN), Helium Mobile (MOBILE), and Synapse (SYN). This delisting is scheduled to take place on June 26, 2025, around 2:00 p.m. ET.
The decision follows the release of new versions of these tokens, which prompted Coinbase to determine that the original versions no longer meet the platform’s listing criteria. On the exchange’s platform, both regular and advanced trade functions will cease for these specific tokens. Ahead of the official delisting, Coinbase has transitioned the order books for RNDR, RBN, MOBILE, and SYN to limit-only mode, thereby enabling users to place and cancel limit orders, while allowing matching under specific circumstances.
Ripple Asks SEC When Token Stops Being a Security
In another notable development, Stuart Alderoty, the Chief Legal Officer of Ripple, has addressed the ongoing uncertainty regarding regulatory classifications within the cryptocurrency sector. He posted on the X platform that Ripple has submitted an additional letter to the SEC’s Crypto Task Force, seeking clarification on the conditions under which a digital token ceases to be classified as a security.
This inquiry reflects Ripple’s continued commitment to engaging with regulators and seeking transparency in the often complex legal landscape of cryptocurrency classification. The response from the SEC is keenly anticipated as it could set important precedents for Ripple and other companies operating in the cryptocurrency space.
India’s Major Crypto U-Turn
In a noteworthy shift, the Indian government’s stance towards cryptocurrency regulations has taken a major turn. While details remain sparse, this development is indicative of a broader reassessment by policymakers regarding the treatment and regulation of digital assets in the country. The implications of such a U-turn could be significant, opening avenues for greater adoption and investment in cryptocurrencies within India.
This major change underscores the fluctuating nature of regulatory frameworks globally, as countries continually adapt to the growing influence of cryptocurrencies in the financial markets.
Conclusion
The cryptocurrency landscape continues to transform rapidly, driven by regulatory changes and market dynamics. As Coinbase prepares to delist several tokens, Ripple seeks clarity from regulators, and India’s government reconsiders its crypto policies, these events highlight the ongoing developments that are shaping the future of digital currencies.
U.Today will keep its readers updated on these and other developments in the cryptocurrency world as they unfold.
Disclaimer: The opinions expressed in this article do not reflect the views of U.Today. The financial and market information provided here is for informational purposes only. Readers are encouraged to conduct their own research and consult financial experts prior to making investment decisions.
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